Looking to balance out your exposure to PLTK? The ETFs below have historically moved differently from PLTK, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PLTK
2 ETFs have low correlation with PLTK (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.17, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.17 | 0.30 | 0.42 | 58 | Nasdaq-100 | PLTK vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.26 | 0.36 | 0.44 | 78 | S&P 500 | PLTK vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PLTK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.07, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.07 | 0.10 | 0.15 | 93 | Energy | |
| Alphabet Inc. Class A | 0.17 | 0.22 | 0.33 | 96 | Communication Services | |
| Crocs, Inc. | 0.23 | 0.29 | 0.35 | 68 | Consumer Cyclical |
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